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Bangkok Post
Bangkok Post
Business
POST REPORTERS

CP-led group closes in on three-airport rail link deal

A Charoen Pokphand Group (CP)-led consortium is getting closer to winning the bid for the high-speed railway project connecting three major airports, State Railway of Thailand (SRT) acting governor Worawut Mala said on Friday.

It has been confirmed that the group has won when it comes to financial and investment proposals for the project to link Don Mueang airport in Bangkok, Suvarnabhumi airport in Samut Prakan, and U-Tapao airport in Rayong. The next step, which includes considering the proposed offers, will be undertaken on Monday, Mr Worawut said. If it passes, a negotiation will take place on Jan 3, otherwise, the runner-up BSR Joint Venture would be called upon.

"Today's meeting was to discuss details with the CP-led consortium to make sure the numbers are accurate. According to the proposal, the lowest state subsidy at today's value that the CP-led consortium proposed was at 117.227 billion baht, while BSR Joint Venture gave the number as 169.934 billion baht," he said. Although it was known that the CP-led group had offered the lowest bid, the figures and the official result were not announced until Friday.

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